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Nomura's analysis of the October 2017 US Treasury FX report says India's dollar-buying intervention and trade surplus with the US drew more scrutiny. Taiwan was removed from the monitoring list while Korea, China, Japan, Germany and Switzerland remain on it.
Pressure on India to curb FX intervention could lead the RBI to buy fewer dollars, which may firm the rupee; this has little direct bearing on feed commodity prices.
octaafrica.netOct 20, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
